$225,000
$239,900
6.2%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
1 Bath
490 SqFt
SOLD DATE : 05/10/2024
Key Details
Sold Price $225,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 490 sqft
Price per Sqft $459
Subdivision Downtown
MLS® Listing ID A2128833
Sold Date 05/10/24
Style Bungalow
Bedrooms 1
Full Baths 1
Originating Board Central Alberta
Year Built 1950
Annual Tax Amount $1,422
Tax Year 2023
Lot Size 6,499 Sqft
Acres 0.15
Property Description
This cottage is situated on 2 25ft lots x 130ft deep! Has a detached garage and is zoned for multi unit options like a triplex or even a 4plex if designed right! The property is currently a 1 bedroom property with original hardwood floors in the living room. Comes with newer flooring in the kitchen and 4pc bathroom. As you can see from the photos its a very mature and beautiful lot Just 1.5 blocks from the beach. Currently used as a STR (short term rental) this property gets $200/night in the shoulder season and $240/n in the prime season. Renting for 8 months in the off season fully furnished for $1,100/m not including utilities, or $1,650 all in. Its a great opportunity for an investor, or even a first time owner, take advantage of the STR market in Sylvan Lake or just come for some downtime. There is even room for an RV! Just down the street from our Nexsource Center (community center that has 2 hockey rinks, curling rink, swimming pool and more) and only 3 minute walk to the downtown center, beaches, restaurants and seasonal festivities. Financing for this property cannot be w/5% down and note the zoning does not allow for single family home, or major renovations to the current structure. Allowed to maintain structure but not add on or re-structure it.
Location
Province AB
County Red Deer County
Zoning DC-50
Direction E
Rooms
Basement Crawl Space, None
Interior
Interior Features See Remarks
Heating Baseboard, Electric, Wall Furnace
Cooling None
Flooring Hardwood, Vinyl
Appliance See Remarks
Laundry Main Level
Exterior
Garage Single Garage Detached
Garage Spaces 1.0
Garage Description Single Garage Detached
Fence None
Community Features Fishing, Lake
Roof Type Asphalt Shingle
Porch Patio
Lot Frontage 50.0
Parking Type Single Garage Detached
Total Parking Spaces 1
Building
Lot Description Back Lane, Few Trees, Lawn, Landscaped
Foundation Perimeter Wall, Other
Architectural Style Bungalow
Level or Stories One
Structure Type Mixed,Wood Frame,Wood Siding
Others
Restrictions None Known
Tax ID 84878915
Ownership Private
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